Inchcape (LSE:INCH) Momentum Rank : 7 (As of May. 11, 2024)

View and export this data going back to 1958. Start your Free Trial

What is Inchcape Momentum Rank?

Inchcape has the Momentum Rank of 7.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Inchcape's Momentum Rank

For the Auto & Truck Dealerships subindustry, Inchcape's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Inchcape's Momentum Rank Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Inchcape's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Inchcape's Momentum Rank falls into.

Inchcape Momentum Rank Related Terms

Thank you for viewing the detailed overview of Inchcape's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Inchcape (LSE:INCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Inchcape PLC (LSE:INCH) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

IHCPF:USA INCHl:UK IJCA:Germany

Address

22a St James's Square, London, GBR, SW1Y 5LP

Website

https://www.inchcape.com

Inchcape PLC, headquartered in the United Kingdom, is a distributor and retailer of premium and luxury automobiles through partnerships with original equipment manufacturers (OEMs). The company has four reportable segments and two operating business units: distribution and retail. The distribution segment delivers new vehicles and parts in three geographies (Europe, Asia Pacific (APAC), the Americas, and Africa) and provides associated marketing and logistics operations. The retail segment sells new and used vehicles in the U.K. and Europe. The company's profitable revenue sources are distribution services performed in APAC and retail services in the U.K. and Europe.

Inchcape (LSE:INCH) Headlines

No Headlines